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Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 41,591 calls trading, 1.6x expected, and implied vol increasing over 1 point to 32.26%. Sep-25 129 calls and 10/31 weekly 135 calls are the most active options, with total volume in those strikes near 22,300 contracts. The Put/Call Ratio is 0.11. Earnings are expected on November 20th.

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